Ethereum continues to gain traction among publicly traded firms in 2025, with Bit Digital becoming one of the latest to significantly ramp up its exposure.
The Nasdaq-listed digital asset company has acquired 19,683 ETH, funded through a recent $67.3 million equity offering.
This latest move brings Bit Digital’s total Ethereum holdings to over 120,000 ETH, placing it among the largest institutional ETH holders in the public market, behind only giants like SharpLink and BitMine Immersion.
CEO Sam Tabar said the firm views Ethereum as core to the future of digital finance, citing its programmability, DeFi dominance, and staking rewards as key advantages.
Ethereum’s role in powering stablecoins and smart contract systems has made it a cornerstone of the evolving crypto economy. Bit Digital emphasized that staking gives ETH a yield-generating edge that traditional crypto assets like Bitcoin can’t match.
Despite the bullish announcement, Bit Digital shares dipped slightly to $3.96, down just over 1% on the day. Still, the stock remains up more than 34% year-to-date, reflecting continued investor confidence in the company’s crypto-focused strategy.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/bit-digital-boosts-ethereum-holdings-to-over-120000-eth/
